Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in PTC Inc. $PTC

Mirae Asset Global Investments Co. Ltd. raised its holdings in PTC Inc. (NASDAQ:PTC) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,751 shares of the technology company’s stock after purchasing an additional 3,944 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PTC were worth $3,963,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PTC. State Street Corp lifted its position in shares of PTC by 4.1% during the 3rd quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock valued at $1,135,622,000 after buying an additional 221,349 shares in the last quarter. Standard Investments LLC grew its stake in PTC by 10.4% in the 3rd quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock valued at $321,990,000 after acquiring an additional 150,000 shares during the period. Northern Trust Corp increased its holdings in PTC by 2.6% in the 3rd quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock worth $280,145,000 after acquiring an additional 34,663 shares in the last quarter. Select Equity Group L.P. raised its position in PTC by 26.7% during the second quarter. Select Equity Group L.P. now owns 775,077 shares of the technology company’s stock worth $133,577,000 after acquiring an additional 163,152 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in PTC by 96.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company’s stock worth $123,576,000 after acquiring an additional 347,414 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 0.1%

PTC opened at $140.93 on Wednesday. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.06. The company’s 50 day simple moving average is $149.49 and its two-hundred day simple moving average is $168.10. PTC Inc. has a 1-year low of $130.89 and a 1-year high of $219.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.33. PTC had a return on equity of 24.63% and a net margin of 28.86%.The business had revenue of $685.83 million during the quarter, compared to analyst estimates of $635.44 million. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Analysts expect that PTC Inc. will post 6.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PTC. Rosenblatt Securities dropped their target price on shares of PTC from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Mizuho reduced their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Royal Bank Of Canada decreased their price target on shares of PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. cut PTC from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $205.00 to $162.00 in a report on Monday, February 2nd. Finally, KeyCorp cut their price objective on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $182.08.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the sale, the executive vice president directly owned 22,221 shares of the company’s stock, valued at $3,579,803.10. This trade represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

PTC Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.